- Current report filing (8-K)
February 17 2009 - 5:21PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report
(Date of
earliest event reported)
(Exact
name of registrant as specified in its charter)
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Florida
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0-230611
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52-2137517
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(State
or other
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(Commission
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(I.R.S.
Employer
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jurisdiction
of
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File
Number)
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Identification
No.)
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incorporation)
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Centro
Comercial Camoján Corner, 1ª plta
Camino de
Camoján, Urb. Sierra Blanca
(Address
of principal executive offices)
Registrant's
telephone number, including area code
011-34-95-202-9400
(Former
name and former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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o
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Written
communication pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Section
1 -
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Registrant’s
Business and Operations
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Since the
change of management took place on December 11, 2008, there has been a thorough
review of all operations and the financial position of the Company. In parallel,
the preparation of overdue SEC reports is well underway.
New
management has concerns about the Company’s continuity. Its financing
relies on the financial ability of a few major shareholders. The Company is
therefore not only exposed to market risks, but given the current world
financial crisis, it is also very vulnerable should these shareholders not be
able to continue supplying sufficient funds. As a consequence, the Company will
need to be relieved from cash draining activities urgently. Also, its debt will
need to be further restructured with priority in order to make the Company
viable. With respect to new business, management continues to explore
opportunities and hopes to announce progress in the short term.
Further
messages will follow soon.
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Section
2 -
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Financial
Information
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Item 2.01
Completion of Filing Requirements
The
Company is in the process of completing the following overdue SEC reports Form
10-KSB for the financial year ended September 30, 2007, Form 10-QSB for the
quarter ended December 31, 2007, Form 10-QSB for the quarter ended March 31,
2008, Form 10-QSB for the quarter ended June 30, 2008, Form 10-KSB for the year
ended September 30, 2008, and the Form 10-QSB for the period ended December 30,
2008.
The
Company expects to be current with its SEC filings within the next few weeks.
Transparency and communication are amongst the top priorities of the
Company.
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this current report on Form 8-K to be signed on its behalf by the
undersigned hereunto duly authorized.
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Date:
February 17, 2009
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Teleconnect
Inc.
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/s/
Dirk L. Benschop
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Dirk
L. Benschop,
President
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Teleconnect (CE) (USOTC:TLCO)
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